THE CORPORATION OF THE CITY OF PORT COQUITL

BYLAW No. 2460

A Bylaw to authorize the expenditure of monies
in the Tax Sale Lands Reserve Fund.

WHEREAS there is an unappropriated balance of $5,266,309.37 as at October
y5th, 1989 in the Tax Sale Lands Reserve Fund consisting of monies received

from the sale of tax gale properties Ancluding interest earned thereon and set
aside in accordance with the provisions of Section 380 of the "Municipal Act”

which amount has been calculated as follows:

Balance in Reserve Fund at December 31st, 1988 «++. $4, 394,146.65
Add: Additions to fund since December 3ist, 1988 .. $¢ 872,162.72
Balance in Reserve Fund at October 25th, 1989 «soes &5,266,309.37

AND WHEREAS no sinking funds have been or were required to be established;

nd from the amount 80 set aside the

AND WHEREAS it is deemed desirable to expe
tdoor Pool located at 2175

sum of $350,000.00 to renovate the Centennial Ou
Coquitlam Avenue, Port Coquitlam, B.C.

cil of The Corporation of the City of Port

NOW THEREFORE the Municipal Coun
enacts as follows:

coquitiam, in open meeting assembled,

(a) The sum of #350,000.00 is hereby appropriated from the Tax Sale Lands
Reserve Fund to renovate the Centennial Outdoor Pool located at 2175

Coquitlam Avenue, Port Coquitlam, B.C.:

1.

(b) The Municipal. Council is hereby empowered and authorized to
undertake, carry out, or cause to be carried out, the construction of

the said addition generally in accord with the plans and
specifications that have been placed on file in the office of the
City Clerk and to more particularly specify and authorize by

resolution all things necessary in connection therewith.

2, Should any of the amount expropriated remain vunexpended after the
expenditures hereby authorized have been made, the unexpended balance
shall ba returned to the credit of the said Tax Sale Lands Reserve Fund.

cited for all purposes 46 the "Tax Saiu Land Reserve

3, ‘This Bylaw may be
1 Renovation Bylaw, 1989, No. 2460".

Fund Centennial Poo
FIRST THREE READINGS

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